• 400 days Will The ECB Continue To Hike Rates?
  • 400 days Forbes: Aramco Remains Largest Company In The Middle East
  • 402 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 802 days Could Crypto Overtake Traditional Investment?
  • 807 days Americans Still Quitting Jobs At Record Pace
  • 808 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 812 days Is The Dollar Too Strong?
  • 812 days Big Tech Disappoints Investors on Earnings Calls
  • 813 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 814 days China Is Quietly Trying To Distance Itself From Russia
  • 815 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 819 days Crypto Investors Won Big In 2021
  • 819 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 820 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 822 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 823 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 826 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 827 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 827 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 829 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

EUR/USD - Persistent Selling Pressures Underway

EUR/USD continues to move lower. The recent new lows confirm persistent selling pressures. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.3297 (22/08/2014 high). Another resistance stands at 1.3336 (12/08/2014 low).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The downside risk given by 1.3210 (second leg lower after the rebound from 1.3503 to 1.3700) has been met. Monitor the key support at 1.3105 (06/09/2013 low) given the general oversold conditions. A key resistance lies at 1.3444 (28/07/2014 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment